Supported by the la上海乌托邦ulation of forex rese

erves, the country has seen stable and fast economic growth in the past four decades, with lowe

r inflation. Thanks to the reserves, China can also benefit from a favorable international trade and fina上海乌托邦

ncial environment in the long term, Chen Yuan, a former deputy governor of the central bank and former vice-ch

irman of the Chinese People’s Political Consultative Conference, said at a forum on Aug 10.

上海乌托邦品茶微信”Previously, we identified the foreign exchange reserves as an important milestone for ec

onomic development and society’s core wealth. Now, we have to reposition the foreign exchange market,” he added.

According to Chen, faced with new challenges, including foreign exchange rate issues raised by the United States rec上海乌托邦

ently, the priority is to keep these reserves safe, and strengthen the renminbi’s position globally.

Chen sees potential in foreign exchange rate risks, as the majority of China-reserved foreign assets are in US dollars.

Currency composition上海乌托邦品茶微信

Late last month, the State Administration of Foreign Exchange, or SAFE, C

hina’s forex regulator, said the country’s foreign exchange reserves held in US dollars

上海乌托邦accounted for 58 percent of the total by the end of 2014, down from 79 percent in 1995.

Among global foreign exchange reserves, assets held in US dollars comprised 65 percent of

the total by 2014, up from 59 percent in 1995, according to SAFE’s annual report last year.上海乌托邦

For the first time, SAFE made public the currency composition of the

forex reserves, after first reporting data to the Currency Composition of Foreign

上海乌托邦Exchange Reserves, or COFER, an International Monetary Fund database, in 2015.

According to COFER, which keeps quarterly data on the currency composition of official上海乌托邦品茶微信

foreign exchange reserves, the world’s forex reserves reached $11.59 trillion in the fir

st quarter of this year. Some 58.14 percent of the total was in US dollars, compared with 1.8 percent in renminbi.

izhankai.cn

hina Daily editorial: M上海乌托邦ered; was it received?

French President Emmanuel Macron and President Donald Trump participate in a G-7 Working Session on

上海乌托邦品茶微信the Global Economy, Foreign Policy, and Security Affairs at the G-7 summit with German Ch

ancellor Angela Merkel, Canadian Prime Minister Justin Trudeau, British Prim

e Minister Boris Johnson, President of the European Council Donald Tusk, Italian上海乌托邦

Prime Minister Giuseppe Conte and Japanese Prime Minister Shinzo Abe in Biarritz, France Au

The US leader has not been very happy to be seen as an outlier among t

上海乌托邦he other leaders attending the G7 summit in Biarritz, France, mainly because of his diff

erent stance on issues such as the Iran nuclear deal and climate change, which h

ave made it impossible for the world’s major industrialized countries to unite around common goals.上海乌托邦品茶微信

But then he prefers to talk rather than listen, and he has hitherto paid little heed to complai

nts that the trade war he has launched against China is aggravating the woes of other countries.上海乌托邦

The European economy faces dim prospects, with Germany already on the brink of a recess

上海乌托邦ion after its economy declined in the second quarter, and a possible no-deal Brexit set to bring even more

chaos. The trade war between China and the United States has only worsened the situation.

That is why, just before the start of the G7 summit, Eu上海乌托邦品茶微信

ropean Council President Donald Tusk said that “trade wars will lead to

上海乌托邦recession” while stressing that the Sino-US trade confrontation would be really risky for the whole world.

That worry was shared by French President Emmanuel Macron, who told other

leaders at the summit on Saturday that “trade tensions are bad for everyone. We have t上海乌托邦

o try to get a de-escalation, to stabilize things to avoid this trade war that is happening everywhere”.

Even British Prime Minister Boris Johnson, described b上海乌托邦品茶微信

y the US leader as the “right man for the job”, told the US leader at a Sund

ay breakfast meeting that “we don’t like tariffs on the whole … We are in favor of trade peace”, having

said on his arrival on Saturday that the trade war was “not the right way to proceed”.

www.uoxkw.cn

The first National Park 上海乌托邦med “Establish the

e Mechanism of Nature Reserve Areas with National Parks as a M

ajor Component”, opened on Monday in Xining, capital of Qinghai province.上海乌托邦女神会所

In 2017, China devised a national park system aimed at protecting more of the country’s areas of outstanding natural bea

uty. The country’s first pilot national park in the Sanjiangyuan area of Qinghai is set to open in 2020.

上海乌托邦女神会所Xi said the purpose of establishing the national park system is to pr

otect the authenticity and integrity of natural ecosystems, preserve biological diversity, pr

otect ecological buffer zones and leave behind precious natural assets for future generations.上海乌托邦

The system is an important measure taken by China to promote ecological prote

ction, build a beautiful country and pursue harmony between humans and nature, he said.

上海乌托邦女神会所Building China’s ecological civilization should draw on the successful experience of other countr

ies while meeting China’s national conditions, the president said, encouraging the participants of the foru

m to conduct in-depth discussions and brainstorm for a better future for world ecological civilization.上海乌托邦

About 450 representatives from central governmental departments, national park sy

stem pilot provinces, research institutions and international organizations attended.上海乌托邦

The United States should immediately revoke its planned sale of F-16 fighter jets to Taiwan

上海乌托邦女神会所or accept the possible consequences, the Foreign Ministry said on Monday, after US President Donald T

rump was quoted in reports as saying he had given a green light to the $8 billion deal.

Trump said he had approved the deal in New Jersey late last week, Taipei-based Central News Agency reported on Monday.上海乌托邦

Speaking at a news conference in Beijing on Monday, Foreign Ministry spokesman Geng Sh

uang said he was aware of the reports, and repeated China’s firm opposition to the planned sale.

上海乌托邦女神会所China has lodged solemn representations several times to the US over the sale, which gravely violat

es the one-China principle and the stipulations in the three China-US joint communiques, Geng said.

www.shlfwab.com

Jaishankar assured W上海乌托邦at New Delhi wants

s to improve ties with Islamabad, and is willing to main

tain restraint and safeguard regional peace and stability.

Jaishankar added that h上海乌托邦品茶微信is country stands ready to properl

y resolve the China-India border question through consultation and

will honor the consensus that the two nations have reached on promoting tranquillity in the area.

上海乌托邦品茶微信New Delhi is looking forward to the second informal meeting between President Xi Ji

nping and Indian Prime Minister Narendra Modi, to be held in India later this year, Jaishankar said. The fi上海乌托邦

rst such meeting between the two leaders took place in April 2018 in Wuhan, Hubei province.

During their talks, Wang and Jaishankar agreed China and India would expand pragmatic上海乌托邦

cooperation in such areas as trade, investment and tourism and strengthen exchanges on defense issues.

上海乌托邦品茶微信Foreign direct investment (FDI) into the Chinese mainland expanded 7.3 percent year-o

n-year to 533.14 billion yuan in the January-July period, the Ministry of Commerce announced Tuesday.

In US dollar terms, FDI inflow grew 3.6 percent year on year to $78.8 billion during the period, the ministry said.上海乌托邦

FDI in July alone reached 54.82 billion yuan, up 8.7 percent year-on-year.

During the past seven months, a total of 24,050 new foreign-funded enterprises were founded.上海乌托邦品茶微信

Investment in high-tech industries climbed 43.1 percent year-on-year to account for 29.3 percent of the total FDI, a

mong which the high-tech service sector received 97.39 billion yuan, up 63.2 percent.

www.7893386.cn

China, US must seek ne上海乌托邦lance of traderal ties bas

Experts: Bilateral ties based on mutual benefits and comparative advantages

China and the United States need to establish a new balance of trade, finance and tech上海乌托邦品茶微信

nology cooperation, while avoiding a full-blown confrontation amid intensified tensions, experts said.

Their comments came as Washington threatened to impose an additional 10 percent tariff on $300上海乌托邦

billion worth of Chinese goods starting Sept 1, and labeled China “a currency manipulator”.

上海乌托邦品茶微信Huang Renwei, deputy director of Fudan Institute of Belt and Road & Global Governance, said China-US relations are unpre

cedentedly grim, because the ballast stone-their economic and trade ties-has been facing harsh confrontation.

“We should persist in building a new strategic balance between China and the US, a b上海乌托邦

alance in terms of trade, finance and technology,” Huang said during a seminar in Beijing.

Such a balance cannot be immediately established, but the goal won’t be c

上海乌托邦品茶微信hanged, Huang said. Only when those US hard-liners are greatly challenged, will they come to seek the new balance, he added.

Wang Wen, chief economist with China Export and Credit Insurance Corp, sa

id China-US economic and trade relations are based on comparative advantages and mu上海乌托邦

tual benefits, which bring huge benefits to companies and consumers of both countries.

上海乌托邦品茶微信The world’s two largest economies have been involved in addressing th

e trade tensions for the past year. Analysts said the US’ new tariff threat puts the

progress that both parties made in the past 12 rounds of high-level talks in vain.

www.changjiangjiaoxiang.cn

David Wang, head of上海乌托邦nomics at Credit Suisse

 said another cut in the reserve requirement ratio — which wi

上海乌托邦ll reduce funds banks keep in vaults and boost lending — may be conducted later this year.

“As the United States Federal Reserve will probably gradually cut interest r

ates and domestic inflationary pressure may ease, China’s monetary policy options are exp上海乌托邦品茶微信

ected to further broaden,” said Cheng Shi, chief economist of ICBC International.

上海乌托邦To support financial reforms, the People’s Bank of China — the cent

ral bank — may refrain from broad-based easing but adopt more structural tools in the

coming months, such as targeted reserve cuts to boost lending to small businesses, Cheng said.上海乌托邦品茶微信

On the fiscal side, policies facilitating debt financing of infrastructure projects may be stepped up, he added.

The country has set a 2.15-trillion-yuan ($312.4 billion) spe

cial local government bond issuance quota to help finance infrastructure projects.

Iris Pang, director of ING in China, said policymakers may even

上海乌托邦roughly double the fiscal stimulus for infrastructure projects to 4 trillion yuan.

This will offset the expected reduction in exports and related supply-chain reloc上海乌托邦

ation activities, securing the GDP growth rate for the second half at 6.3 percent.

上海乌托邦品茶微信
JPMorgan’s Zhu said the economy may slow a bit in the second half but ma

nage to grow by 6.2 percent for the full year, as increased infrastructure investment and stab上海乌托邦

le consumption will counter the drag from exports and manufacturing investment.

上海乌托邦品茶微信
Xue Yi, a finance professor at the University of International Business and Economics in Beijing

, said the debut of the Nasdaq-style tech-heavy STAR Market will also lend support to the economy.

On Monday, the first 25 companies are due to debut on the Shanghai Stock Exchange’s STAR Market.上海乌托邦

“In the second half, the much-anticipated new board is expected to raise public interest i

上海乌托邦品茶微信
n the whole capital market and usher in more funds, thus reducing financing costs for listed firms,” Xue

said, adding that much more of the new board’s boost to the economy will unfold in the long run.

cctif.cn

he silent majority hav上海乌托邦at this persistent viol

olence is not really targeting the extradition la

w amendment bill, long pronounced dead and therefore no longer an issue.

上海乌托邦A federal judge on Thursday sentenced Brendt Christensen, a former University of Illinois doct

oral student, to life in prison without the possibility of parole for the kidnapping and killing of Chinese scholar

Zhang Yingying after a jury said it was unable to reach a unanimous decision on the death penalty.上海乌托邦品茶微信

“The jury has spoken, and the trial is over, but Yingying is not

上海乌托邦home,” said Zhang’s father, Zhang Ronggao at a brief news conference following the sentence.

“We ask the defendant to unconditionally tell us what he knows about Yingying’s location,” the father said. “If you have any上海乌托邦

humanity left in your soul, please help end our torment. Please let us bring Yingying home.”

上海乌托邦品茶微信He said that although the family does “not agree with that result (referring to the jury

‘s decision), we accept that he will spend the rest of his life in prison, which still reflects our loss in a meaningful way”.

“We hope that every day he spends in prison h

上海乌托邦e feels the pain and suffering that we feel for the loss of Yingying,” Zhang said.

US District Court Judge James Shadid addressed Christensen, who d

上海乌托邦品茶微信eclined to make a statement directly to the court after the judge announced the sentence.

The radicals are actually trying to advance their own political agenda by exploiting the controversy surrounding the bill.

Unfortunately some inherently idealistic and impulsive young people, who harbor discon上海乌托邦

tent about social inequality, have been manipulated by these political radicals to unleash violence.

上海乌托邦品茶微信The political radicals are using these young people and taking advantage of their impulsiveness and recklessness.

At a time when the future of their city is threatened by lawlessness, the s

ilent majority of Hong Kong has every reason to come out and defend their home.

lanqiaowangluo.cn

Our current recoverable 上海乌托邦ble to ferry 250 kilog

grams of scientific payloads back to Earth. The new model will be able to carry up to 600 kg,” the designer said.

Officials from the academy previously said the new satellite series will weigh 3.5 metric tons and will be launched by China 上海乌托邦品茶微信

‘s Long March 2D carrier rocket at Jiuquan Satellite Launch Center in Northwest China.

 上海乌托邦The first of them will be tasked with assessing overall design and reliability in space, they said.

China launched its first recoverable satellite in 1975, becoming the third nation to do so after the United States and the for

mer Soviet Union. China has sent 25 such satellites comprising seven types into space since then. These satellites 上海乌托邦品茶微信

enabled Chinese scientists to carry out hundreds of space-based tests and experiments.

The most recent mission by a Chinese recoverable satellite took place in April 2016 when the

 上海乌托邦Shi­jian 10 carried out scientific experiments during a 12-day space journey before returning to Earth.

In another development, i-Space, a private rocket maker in Beijing, announced on F 上海乌托邦

riday that it had recently conducted a successful ignition test of its JD-1, a reusable liquid-propelled rocket engine.

The company called the 200-second test a milestone in the development of JD-1, which is set to lift i-Space’s SQX-2 carrier rocket. 上海乌托邦品茶微信

SQX-2 is at the research and design stage and is scheduled to make its maiden flight in 2021, i-Space said.

While teaching children-girls in most cases-to better protect themselves against sexual assault, more efforts should be m

ade by society to tell boys to respect and care for the opposite sex, according to experts. 上海乌托邦品茶微信

Lin Zi, a psychologist, suggested that “readable” teaching materi

al be introduced for boys to tell them to better respect and protect girls and to unders

 上海乌托邦tand that there is a “sense of personal space” regarding contact between the two genders.

She said some boys are confused about this situation, as their family members rarely discuss this with them.

Lin, vice-chairwoman of the Shanghai Psychological Counseling Association and founder 上海乌托邦品茶微信

of a psychological consultancy, is helping with the review of a sex educat

ion manual for children ages 10 to 14 launched by the China Children and Teenagers’ Fund.

www.moefantasy.cn

more enterprises an上海乌托邦女神会所 oth nations, Xi said.

hing is especial上海乌托邦女神会所ly problematic in threatening to turn a trade war into a protracted and destru

上海乌托邦品茶微信ctive economic cold war,” Roach said. “Now, more than ever, a fragile world is in desperate need of political will and wisdom.”

Discussions between the Chinese and US trade teams are underway, said Vice-Minister of Commerce Wang Shouwen on Monday.上海乌托邦

Speaking at a news briefing, Wang said China supports necessary reform in the World Trade Organization to promote its authority and efficiency.上海乌托邦

“We hope the G20 summit could further build positive consensus on advocating for the上海乌托邦品茶微信

multilateral trading system and opposing unilateralism and protectionism.”

上海乌托邦The country will stick to open policies, building a free, fair, nondiscri

minatory, transparent, foreseeable and stable trade and investment environment, Wang said.

he Liaison Office of the Central People’s Government in the Hong Kong SAR said in a stateme

nt: “Such savage acts were an outright provocation and trampling of the city’s rule of上海乌托邦品茶微信

law, which has gravely sabotaged Hong Kong’s social stability and cannot be tolerated.”

That office also expressed its firm support for the SAR government in dealing上海乌托邦品茶微信

with the violence in accordance with the law, safeguarding the rule of law and social o

rder and maintaining the city’s prosperity and stability in concert with sectors of the Hong Kong community.

The Ministry of Foreign Affairs and the Office of the Commissioner of the Ministry

of Foreign Affairs in the Hong Kong SAR joined the condemnation of violent protesters and blasted the “double standard” of forei

gn governments for using human rights and freedom as an excuse to intervene in Hong Kong’s internal affairs.

Responding to remarks by the United States, United Kingdom and the European

Union on the violent protest, a statement from the office urged them to stop interfering in China’s sovereignty and security and Hong Kong’s prosperity and stability.

Deploring the “selective ignorance” of foreign governments, the office que

stioned foreign governments’ hidden agenda for condoning violent criminals in the city.

www.exstorm.org

n an unusual move上海乌托邦女神会所s sends a stron

ng signal to busin上海乌托邦女神会所esses, 24 of the EU leaders chose instead to reflect supp

ort for the mid-century goal as a footnote in their final statement:

“For a large majority of member states, climate neutrality must be achieved by 2050.”

Time is running out

Since French President Emmanuel Macron in March launched the

push for the EU to absorb as much as it emits by 2050, along with three other nations, supp

ort had snowballed, showing the growing political prominence of the fight against global warming.

Addressing the holdouts during the summit, German Chancellor A

ngela Merkel pointed to months of climate protests by youths that helped propel Gre

en parties to their strongest showing yet in May’s European Parliament elections.

shuyin-edu.cn